Inspire Investing LLC Acquires Shares of 9,632 Performance Food Group (NYSE:PFGC)

Inspire Investing LLC purchased a new position in Performance Food Group (NYSE:PFGC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,632 shares of the food distribution company's stock, valued at approximately $814,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company's stock worth $26,000 after buying an additional 242 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Performance Food Group during the third quarter valued at about $26,000. Venturi Wealth Management LLC lifted its stake in Performance Food Group by 203.0% during the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company's stock worth $32,000 after purchasing an additional 274 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Performance Food Group by 414.8% in the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company's stock worth $36,000 after purchasing an additional 365 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new position in shares of Performance Food Group during the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 96.87% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PFGC. Morgan Stanley lifted their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Truist Financial raised their target price on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Piper Sandler upped their price target on Performance Food Group from $79.00 to $92.00 and gave the stock an "overweight" rating in a research note on Monday, November 18th. Guggenheim raised their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, StockNews.com cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $94.67.

Insiders Place Their Bets

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the completion of the transaction, the insider now owns 172,372 shares of the company's stock, valued at $14,582,671.20. This represents a 10.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is currently owned by company insiders.

Performance Food Group Stock Performance

Shares of PFGC traded up $0.16 on Friday, reaching $88.88. The company's stock had a trading volume of 1,176,648 shares, compared to its average volume of 695,761. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The stock has a market capitalization of $13.85 billion, a P/E ratio of 32.80, a PEG ratio of 0.96 and a beta of 1.43. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73. The stock's 50 day simple moving average is $86.69 and its two-hundred day simple moving average is $78.93.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The company had revenue of $15.42 billion during the quarter, compared to analysts' expectations of $15.22 billion. During the same quarter in the previous year, the company earned $1.15 EPS. The business's quarterly revenue was up 3.2% compared to the same quarter last year. Research analysts forecast that Performance Food Group will post 4.74 earnings per share for the current fiscal year.

Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.